“CFTC Chairman Mike Selig on the New Regulatory Framework for Digital Assets” — what this page in the network covers. CFTC Chairman Mike Selig discusses a historic shift in cryptocurrency regulation involving a joint SEC-CFTC taxonomy. This new framework aims to finally define asset classifications and effectively move past the limitations of the Howey Test. Selig explains why this clarity is essential for the industry's growth and how it will provide a more stable environment for both developers and institutional investors.
Selig also makes a strong case for federal jurisdiction over prediction markets, arguing against the oversight of state gaming commissions. He details his decision to pursue legal action against several states to assert federal authority. As the sole commissioner currently operating on the five-member body, Selig provides a unique perspective on the challenges of market surveillance and the integration of AI in regulatory efforts. This listing links straight to the original page, where the content is available in full.